3221 Atlantic Ave Daytona Beach Shores, FL 32118
- Motels
- 4,339 SF
- 0.35 lot acres
Current Use by Public Records
- Daytona Shores Inn And Suites / Motel / Hotel
Property Details for 3221 Atlantic Ave
- Year built
- 1950
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.35 lot acres
- Property size
- 4,339 SF
- Zone code
- T
- Property type
- Motels
- APN
- 5335-01-02-0010
- APU
- 533501020010
Description
Prime investment opportunity: Daytona Beach Shores' Daytona Shores Inn & Suites, a 10-key oceanfront hotel, is available for $1,990,000. This value-add property boasts a projected 10.75% cap rate and a $214,000 projected net operating income (NOI). The property includes a three-bedroom, two-bathroom owner's unit, allowing for owner occupancy and rental income generation. All units feature either full kitchens or kitchenettes. Recent improvements include a new metal roof and upgraded windows, along with significant room renovations by the previous owner. The seller is currently upgrading the seawall and pool. Attractive below-market owner financing may be available. An adjacent property, comprising eight villas (two two-bedroom units and six one-bedroom units), presents a potential expansion opportunity (sold separately). This coastal property is ideal for an owner-operator seeking a blend of personal enjoyment and strong rental income, or for an out-of-state investor seeking a turnkey hospitality operation currently utilized as a hotel, motel, and Airbnb. All information should be independently verified by prospective buyers. Located at 3221 S Atlantic Ave, Daytona Beach Shores, FL 32118.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,150,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,350,000
- 6.5%
- $1,975,000
- 7%
- $2,130,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,225,000
- Geo Method
- $2,185,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,870,000
- Retail
- $2,260,000
- Mixed-Use
- $2,120,000
- Hospitality
- $2,390,000
- Educational
- $2,175,000
- Residential Income
- $1,960,000
- Energy
- $2,160,000
- Income-Based Land
- $2,340,000
- Food Service
- $1,860,000
Location Insight
- Map
- Local Demand
- City
- Daytona Beach
- County
- Volusia
- State
- Florida
- Longitude
- -80.9729
- Latitude
- 29.1591
- CBSA code
- 19660
- CBSA name
- DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
